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shawan mmp 3 a major striie at 15 major east coast ports.. including the poottoffbaltimore could would affect billions of dollars of cargo along the coast.the contract between he inteenational longshoremen association and the u-s maritime alliince... whichh and port operators... is et to expire one minute ast midnight ec 30th.tteeissuee? reduce "contaaner royalties." if a deal isn't reachee... a strike could stoo all container traffic aa the port. (7708) the port of baltimore is ne of maryland's largess eceonice gernerators so any type of ork action hat may stoppage of work would have an effect.morr ttan 100 organizations have urged ppesident obama to order an 88 ddy cooling off period but right now there is no administration will move in thattdirection.losing the ports to a shutdown.. even ffr a few ays.. could cost the economy billions of dollars. 3 a high-stakes meeting will be held in washington today.... betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fisc
. that does not sound like they moving the ball forward. >>shepard: in public. >> a strike at major ports in california could make it harder to find gifts this holiday season. we will have an update on negotiations. and iran military leaders say they captured a united states drone. again. but the united states says hang on, iran, so what is this thing the iranians are showing on iranian state tv? that is ahead. [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >>shepard: officials are denying claims that iran has captured another american drone. the denial is after iranian state television aired images of thi
. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports. we import cars, we import produce, we import oil and gas. explain how this will affect the prices for people watching right now of everything. >> well, it will be very significant in a lot of ways. we're talking about eleven ports, basically from boston pretty much all the way around to houston. the reason governor scott is concerned is there are four ports in florida that will be affected. this is containerized shipping. electronic goods, food stuff and things like that. it could be massive impact, especially in this -- we had retailers getting trouble getting back on track. it will affect everybody's pocketbook eventually. >> eric: tell us how it trickles down to the consumer. >> basically everything will be
. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. cnn's brian todd is at the port of baltimore. >> reporter: victor, this is a crucial port for commerce in this region. this is the seager terminal in baltimore. you see a containership to my right, the terminal on my left. over my left shoulder, 600,000 containers move through the port of baltimore every year, billions of dollars' worth of goods but that could all come to a grinding halt if the dockworkers and the shipping companies can't reach a deal. they moved everything from our cloths to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores if longshoreman from maine to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the imp
from ports from boston to houston. coming up. plus the fbi has again released its file on marilyn monroe. this time minus all of the redactions. what the documents say about her and her suspected ties to communism ahead. and word that president george h.w. bush is improving and even singing in the hospital. that's coming up as we approach the bottom of the hour and the top of the news. [ cellphone chirping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedh
for the third straight month to reach the highest level in two-and-a-half years. major port strike has been averted for now after mediators got the long shoreman's union to postpone it for month to work out time detail osafter new contract. correspondent phil keeting is following that story from miami. >> at least one end of the year cliff has been averted for now. container cliff. there will be no east and gulf coast port strike happening this weekend. but both sides still have much to work out. if they don't, five weeks from now will be right back to a sweeping strike with great consequences. >> a strike in long beach in los angeles a few weeks ago. that was close. if you cost that area, $1 billion a day. >> sticking point has been the container royalties. salary supplements for long shoremen. heavier the container, the more they get paid. the owners want to cap the royalties at last year's levels to 15,000 long shoreman did not. this from the federal mediator in washington. "the container royalty payment issue has been agreed upon in principle by the parties subject to achieving an overa
. >>> imagine every shipping port from massachusetts to texas shut down. nothing gets in or out. unions mobilizing to strike this weekend. if they don't get their way, will everyone pay? [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benets with theisks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease
. >>> grover, we have to leave it there. thank you. >> okay. >>> imagine every shipping port from massachusetts to texas shut down. nothing gets in or out. unions mobilizing to strike this weekend. if they don't get their way, will everyone pay? >> forget the fiscal cliff. how about a container cliff and what it m do to the economy. time's running short and a standoff between long shoreman union workers and companies could cripple the nation. unless they reach a dea they plan to strike this weekend. we reached out but haven't heard back yet. steve moore is here with us. if th strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, the's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, whesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is managemen
. >> today is day five of a strike that's shut down seven of eight terminals at the port of los angeles and three at the port of long beach. long shore men walked off the job to support a clerical worker strike and that's caused nine ships to be diverted to other ports including oakland. 40% of the imports pass through the ports in los angeles and long beach. >>> at the port of oakland a possible freement has been reached there. members of is the diu local 1021 are set to vote next week. this a week after a worker strike and more than a year after members voted down the last contract. the union is made up of support staff. >> a state board has released a plan to restore the delta to provide a more reliable water supply. the council issued the final draft of its plan yesterday. it includes recommendations like reducing water suppliers dependance on the delta and expanding habitats. the delta currently provides drinking water to two thirds of the state and provides irrigation to five million acres of crops movement japan is handing over five million dollars to the united states to help p
. not as much as massive port strike would if no deal is made before this saturday. some are calling it the port's cliff. that's not the only outrage coming from the unions this week. we are going to discuss that next. free market capitalism, best path to prosperity. this is something they learned the hard day the american people are tired of the status quo. >> who are you going to vote for? >> definitely not this guy. >> you know your money got him elected last time. >> i didn't give that guy a dime. >> yeah, you did. our union gave him a big chunk of your dues money. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote.
in ocean port for 10 years. when word of the storm came, she evacuate it with as many possessions as she could. it is still not clear if her home will be torn down or rebuilt and put on higher stilts, and she does not have the money to do it. the only ones that survived were the ones built on higher stilts, which is why we need resiliency. for now, she is living in fema housing until december. she does not know where she will be after that. she is depending on friends and family. she has a remarkably positive attitude despite it all, which is why new jersey will come back stronger than ever. but if we do not have a robust program, the funding for her to rebuild will not be there. i would like to share these images from union beach, new jersey, where homes, cars, and people's very lives were destroyed. sandy was one of the largest transportation disasters in history. new jersey transit suffer damage to all 12 of its rail lines. miles of track were washed out. hundreds of cars and locomotives were submerged, some suffering irreparable damage. the system that carries 77 million people betwe
. >>> work at two of the nation's busiest ports is at a standstill as a a strike continues for an eighth day. clerical workers are walking the picket lines at ten terminals at the ports in l.a., and long beach. they've been without a contract now for more than two years. dock workers are refusing to cross their picket lines. president obama and l.a.'s mayor are urging the workers union and the ports to quickly reach an agreement. the mayor says the strike is costing the local economy billions of dollars. >>> in egypt today huge crowds gathered outside the presidential pal toys protest what they say is the government's abuse of power. more than 100,000 egyptians took part in the protest breaking through bashed wire around the palace. a nationwide referendum on the controversial draft constitution is set for december 15. egyptian media will shut down tomorrow to join the protest. >>> nato members agreed today to deploy a patriot anti- missile system in turkey to protect the country against any crossfire from syria. this comes as syrian rebels released a video reportedly showing air attacks by
of firing shots outside of a shopping mall in new port. he is now connected to several other shootings in southern california. investigators say 42-year-old marcos fired 54 shots into the air outside of a fashion island mall in new port on saturday. no one was hit. he has been involved in ten similar shootings since april. including two that happened near disney land and another one outside of a same new port law. he's still in jail being held without bail. >>> one east bay city is considering a plan to ban the use of surveillance drones. the berkeley city council talked about the no drone zone proposal. alameda county sheriffs office is considering buying and using the four pound machine for short missions. and the drone would only be used over berkeley if authorities in berkeley asked them to use it. supporters of the no drone zone say the use of that drone violates their civil rights. >>> right now 5:49. we were talking about starting at 4:30 this morning. that big crash. way up north. sal has an update. >> that is right pam and dave. the freeway was open just after 5:00. and it was
deal stopped a pending shutdown of major u.s. ports that could have cost the economy billions. dock workers threatened a strike to freeze operations on the east coast and gulf of mexico but a contract extension gives them another 30 days to resolve their labor dispute with port owners and shippers. phil keating is live in south florida. there were key sticking points. which side budged? >> good afternoon, trace. we still don't know which side did in fact budge, whether it was the longshoremen or the shipping company owners or it could have been both sides coming together and reaching a negotiated deal. hard to imagine with what we see in washington, d.c. but neither side is talking. the key points had been over container royalties. you see the heavier each container is, the more money each long shore had man gets paid to take it off and put it on the truck. the owners of the companies wanted to cap the fees, the royalties, at last year's levels while the 15,000 strong longshoremen did not. neither side's talking but both sides say a deal on that -- an agreement has been reached. a q
at the car port. the cars to get a sense of what they endured today. without warning and we might add, while in that car property preparing to leave, here is michelle's description. it fell two feet from her. >> i was on other side of the vehicle. and it came down, i got taken out for about 30 seconds. >> out cold? >> yes. out cold. because some debris came down and hit me. >> so. >> wow. >> i feel fortunate. >> absolutely. >> absolutely . because it's yale tiff as michelle noted this day the mayan calendar predict thed the end of the world. she says for her, it nearly was the end of the world. back live they're fixing the car port. she's worried about other tree as above the house, there are some 10 trees that have fallen and there is another on the hail above it, leaning towards the house. they don't know what they're worst of anything we saw, but we're keeping our eyes open. we're live, wayne freedman, awc 7 news. >> the storm is whipped up waves off the coast. water pounding the shore, crashing here a high surf advisory is in place but that didn't deter surfers. >> storm caused major pro
longshoremen association... whichh.. represents shipping companies... and port is... settto expire... one minute past midnight... dec 30th....// today... to a 30-day extension... o &pthe current contract...//. strike... would affect billions of dollars of cargo...// more than... 100 organizations... urged... ppesident obama... to .. enter... negotiations. the president gathers congressional leaders for one laat maae-oo-break negotiation. negotiation. ed henry -- where... we stand ...// just... a... few days... before the... fiscal 33 3&henry, fox news. 3 3 bad day for chicago....the citys homicide rate is up 17 percent. the city rrached the grim milesttne of 5000murddrs when a 40-year-old man was &pshot n the head while standdng outside convenience store. police say p8. ers in chicago since 20- a different story in newwyork city. the numbbr of murders ii the big aaple are at according to the n-y-p-- the citt had 414 homicides compared to 471 ii 20-09.. police also &psay they seized 8-thousand weapons this year. today was also good day ffr "gooo r
. >> reporter: dr. jeffrey port of new york presbyterian hospital showed me what's supposed to happen before surgery even starts. >> we make a mark with our initials on the side of the surgery. >> reporter: the surgeon initials the correct limb. once inside the o.r., everything stops and they hold up a checklist. >> what is the procedure? does it match the consent? >> reporter: nurses should count the instruments and gauze sponges before and after surgery. and some hospitals use a new technology that dr. port pioneered. a tiny tracking chip attached to each piece of gauze. are surgeons taking this seriously? >> very seriously. >> and rich besser is here right now. so, you walk into the hospital, what's the first thing you ask? what's the first thing you do? >> reporter: well, you know, you want to make sure that your hospital is using this checklist, using this system. surgeons call these type of errors never events, because they are all totally preventable. you want to make sure your doctor is following those. >> what about taking your own magic marker and, whether it's you or whether it's
situation. the puellab tribe, the port and city of tacoma and others all had a difficult dispute going on. the end result was the second largest native american land claim settlement in u.s. history. and the deal led to tremendous economic growth for the tribe, for the port, and for the surrounding communities. senator inouye, as i said, was the chairman of the select committee on indian affairs in 1980 when the puelab tribe successfully sued to assert its claim for land around its reservation, and this land included the port of tacoma, many parts of downtown tacoma, the towns of fife and puelab. and because of his strong commitment to native american rights, the puelab trusted senator inouye to serve as an intermediary between the parties involved in the negotiations and to try to resolve this dispute. he made around a dozen trips to washington state at key moments of this negotiations. if you can imagine a senator who has to represent his state, be a leader on the appropriations committee, would spend so much time on one particular dispute. during one session at a tacoma hotel, senator
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
earrings, watch and gold chain, but no one was hurt. >>> union workers at the port of oakland have voted to ratify a new contract. >> more than 200 people went out on strike last month, disrupting operations at the port. electricians, security personnel and janitors now have approved a contract that includes a 2.5% cost of living raise in 2013 and 2014. the board of port commissioners still has to approve the deal, however. >>> and a north bay oyster company is fighting an eviction order by the federal government. a 40-year agreement between the park service and drinks bay oyster company expired last month. the park service says the company's operations threaten endangered species in the area. but now the owners have filed a complaint in court saying the interior department's denial of a permit extension violates federal law. but meanwhile, oysters are turning up in a surprisingly new place. >> about a hundred of them were discovered in the vallejo municipal arena. as don ford tells us, it is a sign the ecosystem there is starting to recover. >> reporter: the city of vallejo was dredging
15 ports along the east coast and the gulf and officials estimate it will cost $1 billion a day. >>> 5:03. let's check traffic and weather. we had a break yesterday but i guess rain is coming back. >> it's all gone. >> hello. >> it didn't last very long. we got rain heading towards the bay area and you can see that low. it's right there. so it hasn't quite hit the bay area yet. but by later on this afternoon, that's when we're going to see light showers and it's going to quickly spread all across the bay area, continuing to tomorrow morning. so it's on approach right now and you can see those showers. bring an umbrella if you are heading outside at all today. so again you won't need it for this morning. the only thing we're talking about are all these cold temperatures. very chilly. fairfield 34 degrees. san francisco in the 40s. it's going to be a cold day this afternoon. temperatures sightly below what we saw yesterday, 54 in oakland, 51 in san rafael, 52 in santa rosa. so you got the idea. just a cold rainy day on tap. it looks like it's going to continue through tomorrow cle
who keep all the cargo working in those busy sea ports are threatening to go on strike. a walkout could close ports from houston to boston. it would cripple shipping operations, and of course, impact the economy as early as next week. the union has been work without a contract since september and as many as 14,000 workers could hit the picket line starting this sunday. >>> big retailers have agreed to recall baby recliners which have a deadly defect. 150,000 nap nanny infant recliners are being blamed for at least five deaths and dozens of reports of babies falling, as well. the recliners have been on sale for about four years, and retailers agreed to this recall after the manufacturer went out of business. parents should return it for a refund. >>> a florida dad is angry after the christmas present he bought at a pawnshop for his teenage daughter had some x-rated extras. turns out the tablet george sanchez purchased was loaded with hard core porn. computer experted tried to delete them but unable to restore them to factory settings. the pawnshop says it was sold as is and no retu
. the shipment worth $18,000 was seize ted ports of los angeles and long beach. california consumer advocates say the toys contain toxic chemicals used to make rubber and plastics. >> is there always the most sunday send -- sunday send table because tad hers put everything in their mouth. >> ama: the toxic chemical has been linked to birth defects, asthma, and adhd. >> in just a few minutes a minimum nora lighting will take in san francisco to mark the beginning of hanukkah. another is sed scheduled in union square. the lighting semis will continue each day until december 15th. it's been a holiday tradition in union square since 1975. the first candle is lit to commemorate the victory of a small ban of fighters over the syrian army. >> a dining experience led women to be embarrassed. >> and a chilly night across the bay area. as we take a live look outside. we'll check in with meteorologist leigh glaser to meteorologist leigh glaser to find out if you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cous
billions of dollars. a ten day port lockout in 2002 cost $1 billion a day and caused a major backlog and shipment. those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary profit. did those deals bring in the dollar? adam shapiro is joining that story. >> it did not bring in the dollars the same way it has in years past. here are the numbers according to its polls. this is not indicative of those holders. from the period of october 28 through december 24, sales only grew by seven tenths of a percent. sales grew by 2%. as we take a look at some of our favorite video, people actually shopping, the retail federation is sticking to its prediction. we will see year over year growth for the holiday season. they are predicting we will have a $586 billion season. what we are seeing through spending polls and shopping track where they downward vision, the reaction to
, however, has been averted on the east coast and gulf coast. a massive looming port strike will not happen, at least for now. going live to miami ahead in a few minutes for up to the minute details on that and why it's not -ealing a blow to the u.s. economy. first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rally this december, unfortunately, and, in fact, the nasdaq lower. stocks lower, by the way. here's the new york stock exchange, three stocks trading down for every one trading up. another thing trading up a the
29 of the panel's recommendations. dozens of protesters turned out of the new jersey port to picket a container ship from bangladesh carrying goods for the retail giant walmart. the demonstration was after the factory fire in bangladesh that killed more than 110 workers. the factory have been used to make walmart apparel and the company allegedly played a role in blocking the improvement of safety conditions there. homeland security and port police blocked the demonstrators from approaching the ship as it unloaded its cargo. the action came as the bangladeshi government recommended criminal charges against the tazreen factory's owner for "unpardonable negligence >> leading up to the fire coming up, we will look at the situation in mexico with david barstow. a new study is predicting a current trends hold fatalities caused by guns in the u.s. will likely exceed those caused by traffic incidents for the first time by 2015. according to bloomberg news, while motor vehicle deaths dropped 22% from 2005 to 2010, firearm deaths are now on the rise from a low point in 2000. based on a 10-ye
necessities, they took appear the port-a-potties from the donation hut where people get food and clothes and eat. they took the port-a-potty away. >>neil: how do they explain that? >>guest: they don't. they want did remove the whole area john 1. >>neil: they are aware the people are stranded? >>guest: they have in heat, no hot water, if you have electric you do not have a kitchen or a bathroom, and if you do there is mood because the sewage overflowed so it and not just seawater it was all kind of contaminations with health issues and everyone is turning a blind eye to this. they were there to see the houses that collapsed but not talk to the residents. >>neil: when you see these guy s file filing through the tv and high fiving each other. >>guest: i don't see it. i could not fill out the paper work because i got burned because of the chemicals in the air. they filled out my paperwork because i could not see because of my eye, and they filled it out and then they said i filled out the paperwork wrong. and they filled it out. >>neil: this is a better way to get the victims the money, rath
dispute over our nation's ports and a possible strike, we have just learned that both sides have resolved the royalties question and they have agreed to another 30 days of negotiation for other issues. what that means bottom line is there will be no strike at more than a dozen east ports for a month. >>> amid-the fallout that a plunge off the fiscal cliff would bring, there is this this. a tax break that has saved st g struggling homeowners from paying thousands of dollars to the irs. that's set to expire. alison kosik is at the new york stock exchange to explain this. so what is this all about? >> first of all, this would affect anyone who foreclosures on their home or who sells their home as what's known as a short sale. that's when you sell your home at a loss but avoid foreclosure. this could involve up to a million people. this is about a law put in place in 2007 called the mortgage forgiveness debt relief act. let's say you sell your house for $100,000 but your mortgage is $150,000. you normally have to pay taxes on the remaining $50,000. this law excuses homeowners from paying tha
it there, grover norquist, thank you. imagine every ship in port for massachusetts to texas shut down, nothing gets in or out. if they don't get their way, will everybody pay? this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just g "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture ca! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! >> forget the fiscal cliff. eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of
to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those
's transit and port authority. >> good morning, welcome everyone to today's hearing, the challenges our region's public transit and housing base as a result superstorm sandy has been addressed -- tough morning. we started with a hearing on the loss of our ambassador from libya. those challenges, just had opening ceremony for senator o inouye line in state and now the devastation the northeast region -- has been a tough day but we appreciate our witnesses being here to shed some light and hopefully some commitment by our colleagues to meeting our challenges. as you all know sandy's destructive force overwhelmed the region particularly in new jersey and new york and the result is massive unprecedented damage, unprecedented but this was our second hurricane in two years and we expect extreme weather like this to become more common for our region. because we need to prepare for the next storm is not enough to spend our time today simply discussing how we restore our housing and transit infrastructure to their vulnerable free storm condition. in my view now is the time to determine what a
again. tracy: and 14 major ports that are being threatened to be shut down. we will get the latest. lori: also confidence in the global economy is higher suggesting people are picking up more security. we are back after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, ashis may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effectsay include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting morehan four hours. if you ha
there's been no resolution of the strike by clerical workers at the ports of los angeles and long beach. the strike enters it's seventh day today, slowing traffic at the nation's busiest cargo complex. dock workers are refusing to cross the picket lines. clerical workers said management has been outsourcing their work. delta airlines is looking to buy 49% stake in virgin airlines owned by singapore airlines. 51% of virgin atlantic is owned by richard branson. virgin is the second biggest airline at london's heathrow airport. it would allow delta to expand its london to new york flights. carbon pollution went up sharply last year. a new study said the world's nations pumped more than 38 billion tons of carbon dioxide into the air. that's a billion more tons than china tops the list as the biggest polluter. the u.s. and germany are the only countries that reduced their emission. and the twilight saga "breaking dawn part ii" still rules at the box office. the vampire flick took top honors for the third week in a row bringing in $17.4 million. "skyfall" came in a very close second with $17
who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airlines is said to be in talks for a 49% stake in british carrier virgin atlantic. >>> finally, check this out. the massive toys "r" us store in times square opened sunday morning. it's not going to close again until christmas eve night which means that the st
shopping season a strike for 8 days at the nation's busiest port. clerical and dock workers back on the job today after los angeles and long beach. together they handle half of all of the cargo that arrives in the u.s. by sea. total of a billion dollars a day on the ship not delivered to the warehouse. this strike wasn't about salaries or benefits. clerks make nearly 90,000 a year. it was about the belief that the terminal operators wanted to out source future clerical jobs. >> cost the u.s. economy 1 billion a day. >> 8 billion in total. >> good news for the housing industry. >> definitely another sol rid report. home prices rose 6.3 percent in october. that was the biggest increase in more than 6 years. the reason is fewer homes are up for sale. the national association of realtors says supply was down by 22 percent from a year ago. >>> the trend is our friend. something else that is our friend. holiday office parties are back. >> they are back in a big way. lots of companies got rid of holiday parties. 91 percent are planning holiday parties this year. that comes from the executive searc
's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i like feeling both clean and pampered. why should i compromise? quilted northern ultra plush® with the innerlux layer. for a comfortable, confident clean, or your money back. maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> three, two,
and roosevelt gave it to him and named him the first ambassador, the first irish catholic ambassador to the port of saint james to great britain and was one of the worst decisions that roosevelt had ever made but he somehow believed he could keep kennedy in check, but he couldn't. he couldn't. kennedy was to men when he talked to his children he was a cheerleader, she was on optimist -- he was an optimist in the relationship into the 20th century, she was a having made his pile of money, he was convinced that it was going to be taken from him. he was convinced that democracy and capitalism would be taken from the united states. if the end united states entered the war, entered world war ii on behalf of the british. nothing was more important to him than making sure that there was no war and then keeping the united states out of the war and he did everything he possibly could. he violated critical. he didn't follow orders. he met secretly with german diplomats to be that he was convinced that as a businessman, she knew how to negotiate a deal, and that if he were put into a room with hitler, the
association in san francisco to discuss a dispute over the price of crabs. >> boats have been in port since wednesday. the fresh crab almost impossible to find. at one point the price dropped because of a plentiful supply. >> and today, bidders taking over what is left of hostess to step forward. hostess claimed claiming operators have been crippled by a baker's strike. hostess faces criticism after bankruptcy court documents show it used employee pension wages to stay afloat. >> not to worry. someone will make twinkies out there. >> looks that way. yes. >> noted, twinkie fan, spencer christian. >> no twinge yeenees in this temple. no. no. another sunny, mild day in a row two. in a row. you can see a little bit of an increase from n.clouds tonight. right now, sunny skies, temperatures on the mild side. 67 in fremont. we've got low to mid-60s around the bay area, here is what is coming our way this evening. increase in clouds and some patchy fog developing tonight. gets chillier tomorrow morning partly cloudy skies, temperatures from upper 30s to upper 40s near the coast. into afternoon, par
to sit down with congressional leaders with port parties today. they want to get something done quickly now before the end of the year. the president returned to washington from hawaii. can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the president calls congressional leader to the white house it's all political theater or they have a deal. my bet it's all political theater. >> they blame house republicans since john boehner hasn't been able to get them a deal to raise taxes. the name calling is getting ugly. >> american people don't understand the house of representative is operating without the house of representatives. it is being operated with a dictatorshi
mentioned the port of tartus and it's a russian naval base. i wonder if we have a graphic here of the base. it's geopolitical stronghold for russia. their decision not to provide amnesty, for assad at this point. >> russia has to think of their own concerns ahead of the relationship with syria, no longer the same. syria is crumbling and assad is likely to die there. convince him to break down or make concession. the rate at which we see this go on is where we watch defection of the high level of the military. if he tries to leave too soon, his life is in danger. where they go, he goes. he doesn't want to leave. waiting to see if he is killed in his country. i don't think the russians can pressure him to make the decision. >> no matter what his fate, it won't put an end to bloodshed in country. >> no. this is a case study and not intervention. america is intervening everywhere. counterproductive. >> president obama was the most outspoken on this. how terrible of throwing the weight around. we didn't throw the wait around at all. they are not using helicopter and airplanes and then they did
kinney bunk port earl tlir week. a cop found their bloet clothing on a small island it remains unclear how the men got to the island but there's no indication of foul play. >>> things are not looking good for a whale washed up on a beach. he was stranded in the plan on breezy point in queens. they are trying to keep that sweat. biologists say it has a slim chance of surviving. that is your 5@5:00. >>> hopefully it pulls through. >> brand new video of president obama visiting fires one and leaving hawaii with five days until we fall off that fiscal cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your coffee that says come together. this is a company trying to
is not over yet we just have to challenge ourselves. >> even though the seattle seahawks continue to port it on and they are going to look forward to next week scott reiss, kron 4. >> jason applebaum will have the highlights with more sports ahead that area. alcohol. >> this is incredible video starring paul poured into this shopping mall parking lot. shopping mall-this video -- that was issued from a viewer. and in the santa clara, this starbucks parking lot also found several inches of water. difficult for the serious and still ahead, the protests over gun control and even if they take over the brooklyn bridge. >> still some wet weather taking its way through the shower and the bait your full forecast, coming up. for the day.. >> and today is the third day of the state-wide c h p crackdown. 111 of those arrests were made here in the bay area. in 2011 the chp arrested 263 drivers statewide. 48 of which were here in the bay area. within chp's jurisdiction there were a total of fifteen fatalities. of those fifteen. eight were not wearing seat belts. here in the bay area there have been thr
-called container royalty fee. without the agreement a strike would have shut down ports from maine all the way to texas for the first time in 35 years. we still have the fiscal cliff to deal with. stocks falling for a fifth straight day. that is the longest slump since september. direct tv customers are in for some higher bills. about 4.5% higher. the company is putting the blame on tv channel owners saying those channels are increasing the fees that they charge direct tv for the rights to broadcast programming. the new prices will take effect on february 7th. american airlines and usair rays were looking at plans to merge. the merger may not happen. that is unless pilot groups from both carriers can agree on interim contract terms. pilots are concerned about seniority if and when those airlines merge as they determine compensation, work schedules the type of aircraft flown. if there were to join forces and would become the world's largest airline based on passenger traffic. next expert tips on avoiding car collisions. and just ahead what you may find in the produce aisle that could curb th
of the ports and knowing that deepening needs to be there, he's shown courage when he helped us in the fight against national labor relations board and the unions that tried to take boeing down. he has shown it with his fiscal representation and the fact that he knows the value of a dollar. of he understands what every family and small business goes through, and he has stayed consistent to that. it also shows for the fact that this man loves south carolina. and he is very aware that what he does and every vote he makes affects south carolina and affects our country. and so it was with that that i knew that he was the right person. i have no doubt that he will fly through 2014. i am strongly convinced that i and the entire state will be, the entire state understands that this is the right u.s. senator for our state and for our country. what i will also tell you, and it is very important to me as a minority female that congressman scott earned this seat. he earned in this seat for the person that he is. he earned this seat for the results he has shown. he earned this seat for what i know he's
con. he called it -- lincoln. he called it land improvements. he meant ports and railroads at the time. public infrastructure is always the public's responsibility. so the question is never whether or not you're going to do it, you have to do it. the question is when does it make most sense? i would submit to you that it makes most sense today. why? because money is as cheap as it's ever going to be. every municipal government throughout this country borrows money by issuing debt bonds to underwrite the cost of building new frals. we -- infrastructure. we could be borrowing money today for about 1%. labor is cheap, equipment is cheap, because both are idling. and we clearly need the infrastructure investment. final thought on this? transportation for america, a not-for-profit organization, identifies 69,000 structurally deficient bridges in this nation. there's over 2,000 structurally deficient bridges in my state of new york. and in western new york we have 99 structurally deficient bridges. every second of every day seven cars drive on a bridge that is structurally deficient. we saw
or the bears? the traders' take ahead of the opening bell. a port strike is looming. we'll ask retail federation matthew shay about the billions of dollars that could be at stake. plus, what he thinks of the holiday retail numbers. let's look at the futures as we head to the opening. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seaf
of the body. and 20 times we do the wrong operation. >> reporter: dr. jeffrey port of new york presbyterian hospital showed me what is supposed to happen before surgery even starts. >> make a mark with our initials on the side of the surgery. >> reporter: the surgeon initials the correct limb. once inside the o.r., everything stops and they hold up a checklist. nurses should count the instruments and gauze sponges before and after surgery. and some hospitals use a new technology that dr. port pioneered. a tiny tracking chip attached to each piece of gauze. are surgeons taking this seriously? >> very seriously. >> reporter: if you have to have elective surgery, there are a couple things you can do to lower the chance you're going to suffer from a surgical error. first, go online and look at your hospital's error rate. you want one where that rate is very, very low. then talk to your surgeon and say, do you use that checklist that lived so many lives? if they do, that's the doctor you want to stay with. dr. richard besser, abc news, new york. >> that's eye opening. >> i know. >> you go in to
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